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Chinese battery maker Svolt halts plans for 2nd Europe gigafactory

Citroen e-C3
The Citroen e-C3 small EV will use batteries supplied by Svolt. (STELLANTIS)
NG
By:
Nick Gibbs
May 31, 2024 12:30 PM

The Chinese battery maker Svolt has said it will abandon plans to build a second battery cell plant in Europe, citing the volatile EV market as well as the cancellation of a “significant” customer project.

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